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Workforce housing for educators gets underway in West Maui

Workforce housing for educators gets underway in West Maui

Yahoo30-05-2025

State and county officials broke ground this week on a $20 million workforce housing project aimed at providing rental units for public school employees in West Maui, many of whom continue to face housing challenges in the aftermath of the Aug. 8, 2023, wildfires.
The state Department of Education is leading the 47-unit project, which will be built by Maui-based Dowling Co. on approximately 5 acres situated between Princess Nahienaena Elementary and Lahainaluna High School. The rental complex is intended to support educator retention and recruitment in the region.
State schools Superintendent Keith Hayashi said the project is designed to provide housing stability for school staff.
'This development is pivotal to the retention and recruitment of our West Maui staff.
We cannot afford to lose our educators. Their presence, their stability, their relationships with students is what helps our students learn, heal and move forward, ' Hayashi said. 'When teachers have secure housing, students have stable classrooms.'
Housing shortages in Lahaina were already a concern before the 2023 wildfires and have worsened since the disaster.
According to a DOE employee survey, nearly one-third of HIDOE staff on Maui reported being displaced by the fires.
More than 20 % of Lahaina-­based educators indicated they are considering leaving the state due to housing costs. For newer hires, housing affordability was the most cited factor influencing their decision to stay or leave.
The new rental complex will include one-and two-­bedroom units with income-based rents. HIDOE is still finalizing application details, but priority will be given to public school employees who were displaced by the wildfires—both those still working in West Maui and those who were forced to relocate elsewhere.
'This project responds directly to that need—the need for housing our school employees, ' Maui Mayor Richard Bissen said. 'That will bring consistency to our classrooms that allows those who guide, who nourish, who transport and care for our students to remain close to the places they serve.'
Lahainaluna High School Principal Richard Carosso echoed those concerns, saying housing instability threatens the fabric of school communities.
'It was hard before the fires to have people be able to commit and live and be full-time educators and staff members out here in Lahaina. The fires and the cost of living going up has just made it harder and harder, ' Carosso said. 'And that just hurts us from the point of building our culture of our schools—because they're not here as readily for the kids in the afternoon, for kids in the evenings, to go to games, to be part of clubs. So bringing people back to our hill, to our place, is what this project is about.'
Everett Dowling, founder and president of Dowling Co., said the project aims to help educators get back on their feet and save for the long term.
'It's an honor to work on this project. We're very anxious to get started. We have a tight timetable and we'll make that, I'm sure, ' Dowling said.
'Homeownership equity is the largest creator of wealth in the country. But in order to buy a home, you have to save some money. Hopefully, this project will enable employees of the DOE here on the west side to put some money aside as the community rebuilds.'
Officials emphasized that the development not only addresses housing, but also strengthens the broader recovery effort by keeping experienced educators rooted in the community.
No estimated completion date has been released yet.

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'Hockey stick of job growth' fueled by space, aerospace industries across Brevard
'Hockey stick of job growth' fueled by space, aerospace industries across Brevard

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timean hour ago

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'Hockey stick of job growth' fueled by space, aerospace industries across Brevard

This story is part of America's Evolving Cities, a USA TODAY Network project that takes a close look at four regions across the country and their unique paths to success — and how residents have benefited or suffered along the way. Rather than die on the vine, high-tech space and aerospace industries have mushroomed and flourished across Florida's Space Coast — to magnitudes few could have predicted — since NASA mothballed the space shuttle program after Atlantis' final flight in July 2011. Think billionaires Elon Musk and Jeff Bezos — the two richest men in the world — and their respective companies SpaceX and Blue Origin. And national defense contractors like L3Harris Technologies, Northrop Grumman and Lockheed Martin. Viewed on a chart, Brevard County's annual aerospace-aviation workforce statistics show "a hockey stick of job growth" climbing upward in recent years, said Mike Miller, Space Florida vice president of external affairs, speaking during an April 22 Melbourne Regional Chamber presentation. Example: Brevard County's workforce in that sector practically doubled during the brief span from 2017 (7,847 workers) to 2023 (14,828 workers), Economic Development Commission of Florida's Space Coast records show. And SpaceX is delivering a mammoth program now under construction: The gargantuan Starship-Super Heavy rocket system is coming to NASA's Kennedy Space Center and Cape Canaveral Space Force Station. Economists expect at least $1.8 billion in projected capital investment and 600 new full-time jobs by 2030. 'It's a very exciting time, just as it was back in the '50s and the '60s,' said Robert Taylor, a Florida Institute of Technology history professor. 'Someday, when Americans actually make the trip back to the moon — or the ultimate trip to Mars — they'll start right here in Brevard County," Taylor said. Aside from SpaceX, EDC officials provided a list of Brevard's anchor corporate investments since the end of the shuttle program, nearly 14 years ago: ⬤ Blue Origin. In a 2015 move hailed by economic development officials as a shift "from a shuttle shutdown to a commercial space rebirth," Bezo's private company announced it would build a rocket manufacturing facility on the Space Coast. Fast forward to today. Blue Origin has invested more than $3 billion in facilities in Florida and employs more than 3,000 workers in the state, primarily on the Space Coast. The company's ever-growing rocket factory on Merritt Island sprawls across more than 230 acres, building massive New Glenn two-stage rockets. Former NASA administrator Sean O'Keefe told FLORIDA TODAY this "unbelievable" complex is one of the biggest construction infrastructure efforts at the Cape since the 1960s. ⬤ L3Harris Technologies. In 2015, Melbourne-based Harris Corp., which partnered with NASA on space projects for decades, acquired Exelis Inc., a global aerospace company based in McLean, Virginia, in a $4.75 billion deal. That same year, Harris Corp. opened the six-story, 450,000-square-foot Harris Technology Center in Palm Bay to house about 1,400 employees. And in 2019, the company merged with L3 Technologies to form L3Harris Technologies, America's sixth-largest defense company. Today, L3Harris ranks as Brevard County's third-largest employer, trailing only Health First and Brevard Public Schools. In 2023, the defense-contracting giant completed its $4.7 billion acquisition of Aerojet Rocketdyne. ⬤ Northrop Grumman. Major expansion started two years after Atlantis' final flight at the company's ever-growing campus at Melbourne Orlando International Airport. That's where engineers developed the U.S. Air Force's B-21 Raider long-range stealth bomber, which is under production and testing in California. Northrop Grumman's Melbourne campus employs about 5,000 workers, including contract employees, across 2 million square feet of office, labs and manufacturing space. The building count jumped from six to 17 between 2016 and 2022. And work is underway on another 38-acre, multi-phase expansion complex on airport-owned property along NASA Boulevard for about 1,200 employees. ⬤ Lockheed Martin. Back in 2005, the defense contractor announced it would retain 1,000 jobs by keeping the U.S. Naval Ordnance Test Unit at Port Canaveral, the EDC reported. By 2017, the company moved its Fleet Ballistic Missile headquarters from Sunnyvale, California, to Titusville, bringing in 350 new jobs. In 2021, Lockheed Martin opened its Spacecraft Test, Assembly and Resource (STAR) Center in Titusville to expand manufacturing, assembly and testing for NASA's Orion spacecraft program. And in January, the firm announced plans to build a $140-million advanced manufacturing facility in Titusville supporting the U.S. Navy's next-generation Trident II D5 LE2 ballistic missile program. This expansion is projected to open in 2027 and generate up to 300 new jobs with average salaries of $89,000. ⬤ Embraer. Since 2008, Embraer has announced four development phases creating its first North American business-jet-building campus at the Melbourne airport, generating more than 1,000 jobs and capital investments topping $155 million. The Brazilian company operates business jet production facilities, a global customer center and its first U.S.-based engineering and technology center here. Embraer's Phenom 100EV and the Phenom 300E, which can carry up to 11 passengers and crew — are built "nose to tail" in Melbourne. Alongside Embraer, Lynda Weatherman, EDC president and CEO, pointed to Lockheed's Orion spacecraft program as leading a "paradigm shift" in Brevard's aerospace-aviation sector. She said the EDC led the aggressive effort to land Orion. "For the first time in 50 years of history of space in the state of Florida, we're assembling a launch vehicle. Ever. And people need to see that and understand: That was the paradigm shift," she said. Illustrating that point, Weatherman cited Dassault Falcon Jet's new $115 million maintenance complex under construction at Melbourne Orlando International Airport, which will service corporate aircraft from the U.S. East Coast, Mexico and Latin America. The first aircraft should arrive in July. Space Florida President and CEO Rob Long said those developments helped spur continuing accelerated growth. Just the past two years, he said Space Florida-backed projects added more than 1,500 jobs and $2.7 billion of investment on Space Coast — generating roughly $750 million in economic impact. Back in 2011, the year Atlantis flew for the final time, the Space Coast hosted 10 orbital rocket launches carrying about 95,334 pounds of payload into orbit, Space Florida statistics show. Civil agencies like NASA and NOAA accounted for six of those missions, while the other four launches were for the Department of Defense. Fast forward to last year. A record-shattering 93 launches lifted more than 2.74 million pounds of payload into orbit — a whopping 29-fold increase. SpaceX rockets accounted for 88 of last year's 93 missions, while United Launch Alliance rockets launched the remaining five. 'The (rocket) launch is exciting to see. And it's in many ways a visual metaphor of what's happening here, if you think about it," Weatherman said. Sarah Beaudin, a Northrop Grumman systems engineering director, has worked for the defense contractor for 22 years. She moved from Southern California to central Brevard in 2018, and she serves as technical chief on the U.S. Navy E-2D Advanced Hawkeye radar-dome aircraft program. Beaudin said she enjoys Brevard's easy accessibility, particularly to the beaches, and she and her daughter picked up birdwatching as a hobby. How has the Space Coast changed since she arrived? "The growth. There has been a lot of growth. I live right off Pineda Causeway. When I bought my house, it was a dead end on the other side of (Interstate) 95. Now, there's Costco and lots and lots of houses — and more being built," she said. Space Launch Delta 45 now projects 107 rockets will launch during 2025. Looking ahead, Federal Aviation Administration officials are collecting public comment on SpaceX's proposal to boost Falcon rocket launches up to 120 per year just from Launch Complex 40 at Cape Canaveral Space Force Station. "It really used to be an event when the shuttle went off, and people would line the roads and they'd watch the shuttle go up. Night launches were particularly spectacular. But today, it seems like it's not so much an event ... sometimes, it seems daily there's rockets going up," Florida Historical Society Executive Director Ben Brotemarkle said. "The future looks bright for the space program. And there's certainly continued growth that you can see today in Brevard County. It never ceases to amaze me driving down the roads," Brotemarkle said. For the latest news from Cape Canaveral Space Force Station and NASA's Kennedy Space Center, visit Rick Neale is a Space Reporter at FLORIDA TODAY. Contact Neale at Rneale@ Twitter/X: @RickNeale1 Space is important to us and that's why we're working to bring you top coverage of the industry and Florida launches. Journalism like this takes time and resources. Please support it with a subscription here. This article originally appeared on Florida Today: Rockets, aerospace growth take off in Brevard in NASA post-shuttle era

Critical minerals give China an edge in trade negotiations

time4 hours ago

Critical minerals give China an edge in trade negotiations

GANZHOU, China -- China's dominance over critical minerals in global supply chains was a powerful bargaining chip in trade talks between Beijing and Washington that concluded with both sides saying they have a framework to pursue a deal. China has spent decades building the world's main industrial chain for mining and processing such materials, which are used in many industries such as electronics, advanced manufacturing, defense and health care. Mines and factories in and around Ganzhou, a key production hub for rare earths, underpin China's control over the minerals. Many residents grew up collecting rocks containing the valuable minerals from the forested hills surrounding the southern city and today make a living from mining, trading or processing them. Responding to ever higher tariffs and other controls on advanced technology, China told exporters of certain key rare earths and other critical minerals to obtain licenses for every shipment abroad. Approvals can take weeks, leading to supply chain disruptions in the U.S. and other countries. President Donald Trump said Wednesday that China would make it easier for American industry to obtain much-needed needed magnets and rare earth minerals, clearing the way for talks to continue between the world's two biggest economies. In return, Trump said, the U.S. will stop efforts to revoke the visas of Chinese nationals on U.S. college campuses. But details remain scarce. Beijing has not confirmed what the negotiators agreed to, and Chinese President Xi Jinping and Trump himself have yet to sign off on it. The Chinese Commerce Ministry said Saturday it had approved a 'certain number' of export licenses for rare earth products, apparently acknowledging Trump's personal request to Xi during a phone call last week. And on Wednesday, the Ganzhou-based rare-earth conglomerate JL MAG Rare-Earth Co. confirmed it had obtained some export licenses for shipments to destinations including the U.S., Europe and Southeast Asia. Experts say, however, Beijing is unlikely to do away with the permit system enabling it to control access to those valuable resources. The only scenario in which China might deregulate its critical minerals export is if the U.S. first fully removes tariffs imposed on Chinese goods as part of the trade war, said Wang Yiwei, a professor of international affairs at Renmin University, echoing the Chinese government's earlier stance. 'Without that,' he said, 'it will be difficult to blame China for continuing to strengthen its export controls.' In 1992, Deng Xiaoping, the leader who launched China's ascent as the world's biggest manufacturing power, famously said 'the Middle East has oil, China has rare earths,' signaling a desire to leverage access to the key minerals. Several generations later, Beijing has made its rich reserves of rare earths, a group of 17 minerals that are abundant in the earth's crust but hard, expensive and environmentally polluting to process, a key element of China's economic security. In 2019, during a visit to a rare earth processing plant in Ganzhou, Xi described rare earths as a 'vital strategic resource.' China today has an essential monopoly over 'heavy rare earths,' used for making powerful, heat-resistance magnets used in industries such as defense and electric vehicles. The country also produces around 80% of the world's tungsten, gallium and antimony, and 60% of the world's germanium -– all minerals used in the making of semiconductors, among other advanced technologies. The risks of dependency on Chinese suppliers first came into focus in 2010, when Beijing suspended rare earths exports to Japan due to a territorial dispute. The ban was lifted after about two months, but as a precaution, Japan invested in rare earths processing plants in other countries and began stockpiling the materials. Beijing's across-the-board requirement for export licenses for some critical minerals has put pressure on world electronics manufacturers and automakers. Some auto parts makers in Europe have shut down production lines due to delays in supply deliveries, according to the European Association of Automotive Suppliers. In the U.S., Tesla CEO Elon Musk said a shortage of rare earths is affecting his company's work on humanoid robots. In the drab industrial hub of Ganzhou, cradled by the scenic Dayu Mountains, the U.S.-China trade war is still a distant stressor. Miners and small mineral traders interviewed by The Associated Press said they are more concerned about depleting the mountains' once-abundant resources. Zhong, a tungsten factory manager in Ganzhou who would only give his last name, worked his way up to manager from a miner, but he's unsure there is a future for him and others in the industry. 'I find growing difficulties to source tungsten these days,' he said, adding that smaller mines and trading companies are slowly disappearing as the resources are dwindling. Tungsten is an ultra-hard metal used in armor-piercing ammunition, nuclear reactors and semiconductors. At least five tungsten mines have closed in the area in recent years, according to state media. Remaining reserves are deeper and harder to extract and process after decades of exploitation, said Li Shangkui, chairman of the Ganzhou-based Jiangxi Yuean Advanced Materials Co., Ltd. Processing factories in Ganzhou now routinely source materials from other provinces or other countries. Zhong's plant imports some raw materials from places like Africa and Cambodia. Major state-owned and private companies in Ganzhou are also ramping up investments abroad. Tungsten producer Ganzhou Haisheng, for instance, announced last year a $25 million investment in a new tungsten plant in Thailand. Whatever the challenges in procuring raw materials, China likely will seek to maintain its dominance in critical minerals, said Fabian Villalobos, an engineer and critical minerals expert at the RAND think tank. Between 2020 and 2023, the U.S. imported at least 70% of the rare earth compounds it used from China, according to the U.S. Geological Survey. It has diversified its sources in recent years, but still mainly relies on China. Since beginning his second term in office, Trump has made improving access to critical minerals a matter of national security. But the U.S. has an incredibly long way to go to catch up with China, experts say. The sole operational U.S. rare earths mine, in Mountain Pass, California, is unable to separate heavy rare earths. It sends its ore to China for processing. The U.S. Defense Department has provided funding to the mine's owner, MP Materials, to build new separation facilities. It will take months to build and still only produce a fraction of what is needed. Friction over the issue has opened the way for government-backed financing that was unavailable before, said Mark Smith, who ran the Mountain Pass mine in the early 2010s and now leads NioCorp. It's seeking about $780 million in financing through the U.S. Export-Import Bank to build a processing facility in Nebraska for critical minerals including rare earths. The Defense Department has committed $439 million to building domestic rare earth supply chains, but building a complete mining and processing industrial chain like China's could take decades. 'There are going to be some real issues here unless we can figure out how to get along with China for a period of time while we're developing our own resources and our mainstream processing,' Smith said. The spotlight on critical minerals also provides opportunities for smaller miners to invest in extracting and processing some critical minerals, such as tungsten, considered 'niche' because they are needed in relatively small amounts in key industries, said Milo McBride, an expert on sustainability and geopolitics at the Carnegie Endowment for International Peace. 'For many of these companies, the business strategy hedges on a scenario where the U.S. and China become more confrontational and where trade relations become more uncomfortable,' McBride said. 'And all of a sudden, what was once an uneconomic project somewhere outside of China starts to make more sense.'

Private market push in focus as BlackRock hosts investor day
Private market push in focus as BlackRock hosts investor day

Yahoo

time6 hours ago

  • Yahoo

Private market push in focus as BlackRock hosts investor day

By Davide Barbuscia NEW YORK (Reuters) -BlackRock will hold an investor day on Thursday that is expected to provide insight into the asset management firm's strategic priorities and its growing focus on private markets. The world's largest asset manager, overseeing $11.58 trillion as of the end of the first quarter, last year expanded its presence in private markets through a series of acquisitions that BlackRock's boss Larry Fink said were transformational for the New York-based firm. BlackRock spent about $25 billion in 2024 on infrastructure investment fund Global Infrastructure Partners and private credit business HPS Investment Partners. It also struck a $3.2 billion deal to acquire UK data provider Preqin. That acquisition officially closed in March this year. "I think investors are going to want more granular details and more color on BlackRock's strategy to increase exposure to alternative assets," said Cathy Seifert, an analyst at CFRA Research who covers BlackRock. BlackRock declined to comment on the focus of its investor day. Private assets generate significantly higher fees than exchange-traded funds (ETFs), a core part of BlackRock's business through its iShares franchise. In his 2025 annual chairman's letter to shareholders, BlackRock's Chairman and CEO Fink said protectionism had returned with force as a result of a wealth divide that could be countered by offering more investors access to high-return private markets such as infrastructure and private credit. Ben Budish, an analyst at Barclays, said he expected updates from the company on potentially creating indexes based on private markets after the acquisition of private markets data provider Preqin. "Looking at what BlackRock did with iShares and ETFs, is there a way to do that with private markets? … I'm sure there's more details to come on that," he said. Private credit, where non-bank institutions lend to companies, has experienced significant growth in recent years due to stricter regulations that have increased the cost for traditional banks to fund higher-risk loans. But broader market volatility caused by U.S. President Donald Trump's aggressive stance on tariffs has led to slower dealmaking in private markets in general, raising some concerns there may be a mismatch between money available for private lending and not enough places to invest it. Investors may also look for any signs regarding succession at the firm. Fink, 72, has led BlackRock since co-founding it in 1988. A recent wave of senior executive departures has reignited speculation about his eventual successor, even as Fink has signaled no immediate plan to step down. "The firm would do itself a favor by highlighting the depth and breadth of their management bench, particularly since the company's business model is expanding and potentially becoming more complex," said Seifert.

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